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THE EXECUTIVE COMPENSATION CONTROVERSY: 24 MAY 2010A TRANSATLANTIC ANALYSISBebchuk, Lucian Arye, Jesse M. Fried, and David I. Walker, 2002, Managerial Power andRent Extraction in the Design of Executive Compensation, University of ChicagoLaw Review 69, 751-846.Bechmann, Ken L., and Johannes Raaballe, 2009, Bad Corporate Governance and PowerfulCEOs in Banks: Poor Performance, Excessive Risk-taking, and a Misuse ofIncentive-based Compensation, (Copenhagen Business School and University ofAarhus).Beltratti, Andrea, and René M. Stulz, 2009, Why Did Some Banks Perform Better Duringthe Credit Crisis? A Cross-Country Study of the Impact of Governance andRegulation, (Bocconi University and the Ohio State University).“Bentsen Opposes FASB On Reporting Stock Options,” 1993, Wall Street Journal (April 7).Berle, Adolf A., and Gardiner C. Means, 1932. The Modern Corporation and PrivateProperty (Macmillan Publishing Co., New York).Berton, Lee, 1992, “Business chiefs try to derail proposal on stock options,” Wall StreetJournal (February 5).Berton, Lee, 1994, “Accounting Rule-Making Board’s Proposal Draws Fire,” Wall StreetJournal (January 5).Bettner, Jill, 1981, “Incentive Stock Options Get Mixed Reviews, Despite the Tax BreakThey Offer Executives,” Wall Street Journal (August 24).Black, Fischer, and Myron S. Scholes, 1973, The Pricing of Options and CorporateLiabilities, Journal of Political Economy 81, 637-654.Boyd, John H., Ravi Jagannathan, and Sungkyu Kwak, 2009, What Caused the CurrentFinancial Mess and What Can We Do About It?, Journal of Investment Management7, 1-17.Braithwaite, Tom, Krishna Guha, and Greg Farrell, 2009, “Fed rejects global formula forbonuses,” Financial Times (October 22).Bray, Chad, 2009, “Crisis on Wall Street: Merrill Gave $1 Million Each to 700 Of Its Staff,”Wall Street Journal (February 12).Brunello, Giorgio, Clara Graziano, and Bruno Parigi, 2001, Executive compensation and firmperformance in Italy, International Journal of Industrial Organization 19, 133-161.Brunnermeier, Markus K., 2009, Deciphering the Liquidity and Credit Crunch 2007–2008,Journal of Economic Perspectives 23, 77-100.Bryan, Stephen, Robert Nash, and Ajay Patel, 2006, The Structure of ExecutiveCompensation: International Evidence from 1996-2004, (Wake Forest University).-127-
THE EXECUTIVE COMPENSATION CONTROVERSY: 24 MAY 2010A TRANSATLANTIC ANALYSIS“C-bank calls upon Italian banks to stick to managers' pay rules,” 2009, (October 29).“Call for Dresdner execs to return bonuses get mixed response,” 2009, Banking Newslink(March 31).Calvert, Jonathan, and Dean Nelson, 1995, “Exposed: the utility chief millionaires,”Observer (May 14).Carreyrou, John, 2002, “A French CEO's Taste For America Is Hard To Swallow BackHome --- Move to New York Was Faux Pas For Vivendi's Mr. Messier; A Rocker'sHail to the Chief,” Wall Street JournalCarreyrou, John, 2003a, SEC Decision Could Imperil Messier's Push For Severance, WallStreet Journal.Carreyrou, John, 2003b, “Vivendi, Messier to Pay $51 Million to Settle Charges,” WallStreet Journal (December 24).Carter, Mary Ellen, and Luann J. Lynch, 2003, The Consequences of the FASB's 1998Proposal on Accounting for Stock Option Repricing, Journal of Accounting &Economics 35, 51-72.Castle, Stephen, Katrin Bennhold, and Steven Erlanger, 2009, “France joins U.K. to curb bigbonuses by the banks; Combined assault aimed at pressuring others to limit financialinstitutions,” International Herald Tribune (December 11).Castle, Stephen, Katrin Bennhold, and Louise Story, 2009, “France joins Britain in a levy onbonuses; United call for bank tax is meant to raise pressure on U.S. and othernations,” International Herald Tribune (December 12).Cheng, Ing-Haw, Harrison Hong, and Jose Scheinkman, 2009, Yesterday’s Heroes:Compensation and Creative Risk-Taking, (Princeton University).Chronicle Staff and Wire Reports, 1992, “Big Earners cashing in now: fearful of Clinton’stax plans, they rush to exercise their options,” San Francisco Chronicle (December29).“Chrysler Chairman Defends Option Plan, Offers to Discuss It With Federal Officials,” 1963,Wall Street Journal (December 23).“Chrysler Officers Got Profit of $4.2 Million On Option Stock in '63,” 1964, Wall StreetJournal (January 15).“Chrysler Officers' Sale of Option Stock Could Stir Tax Bill Debate,” 1963, Wall StreetJournal (December 18).“Clinton Enters Debate Over How Companies Reckon Stock Options,” 1993, Wall StreetJournal (December 23).-128-
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